You haven't arrived as a world economy unless you acquire more than your share of doom or nay sayers. Ask the US about it. We have been reading doom sayers about that economy since as far back as I remember. So, like, ignore Mr. Jonathan Lam below.

In term of equitable and credits Ms. Shang mentioned; why shouldn't she lie about it like Ameican? right?
Being faithful, she casted shadow over its reality only gave the dimensional look should be honored and not discouraged. Jingy Li, China is just a larger Cyprus by Proportion; and it must be reckoned with in the danger of flight risks and inequality in control.

Sing like DJ or Housing is not helping China, then, will you be surprise if the local financial will be collapsible? It will and I believe her. Are you living in the house some may work a hundred years to buy one? If you are, you are just lucky; some are not.
May the Buddha bless you?

This is probably one of the best analysis articles I've read on China which includes Xinhua, Shanghai Daily, and Securities Journal.

Although it seems, economies in the west, specially the peripherals in Europe, and slowly France as well are still in a much worse position, Chinas finances are evidently not all sweet and glory. Based on the analysis and without a doubt, due to the infrastructure growth of China in the last 20-30 years, I view the liquidity issue as the biggest problem. As the article well articulates, having many assets is one thing, and having such assets which in essence is illiquid is all the difference that's needed in an emergency.

Zhang Monan truly has written a very detailed account on the state of Chinese Balance Sheet, the worrisome area clearly highlighted is the non-financial corporate debt and local government debt, which with the implicit guarantees, would make the liabilities look paler than they appear.

Doing the same analysis with the U.S. balance sheet and taking a long term growth rate at 2.5%, would show how vulnerable the balance sheet risks would look like with some of the hidden liabilities that the pension funds have accrued which in the wake of an asset meltdown would look paler than the Chinese situation as cited.

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